rrso buy or what, page-3

IMHO, the promises wont line up with the required timing to see the vast majority of the options exersised.

Oppies are worth exactly what sentiment determines tempered with the realities at hand.

I Have ratio-ed down in line with the sp.(doesnt mean I am right, simply cutting my losses, everyone is different and has different goals and expectations based upon what they know) I was not happy with the 6 seconds of silence a good friend got from PL in a very recent phone conversation re oppies.

Keep in mind there was a lot of speculative hype before easter that reckoned the sp would be $3 by now with an aim listing pumping along with the makitas flowing oil like mad.

This is simply one example of there blatant disregard for shareholders that are not in the mates rates club.After all the ''in'' club have been significantly out of the options for some time now.

The Christian D club dumped 10 mil heads in the last pump and dump and have so far only bought back 3mill.

At this rate they wont have bought back in , at a sub dollar rate for say another 12 to 16 weeks...........there go the oppies in theory.

I had a mate ring the company today .

He holds heads only. He couldnt believe how defensive they were about the options.It was them that kept mentioning them, and that they wanted the extra cash.

Problem was, they brought up the subject.

70mil extra shares is a dilution that is just not going to happen.

With cxm postponing drilling, c.p.r. not yet released and no wiff of the farm in and big jv's.....and the Christian D and co's $5,000 flying circus bargain stacking in the very low 90's , I think that only the rampers and day traders will play the options.

25 trading days sees us hit September.then only another 15 days till option suspension.

Will range pull enough good news out of its hats to satisfy the option exersisers.

Going on their track record and the number of other new ventures PL,LK,RA, have on their plates at the moment, it makes you wonder where they find time to coordinate and broker deals for range.

My guess is no more than 15 mil of the nearly 70mil options will get exersised due to pre-arranged agreemnents.

Will the bpo underwriters get the same deal up and running for the vast majority of rrso that may expire?




It smells oh so like bpo at this stage of the decay cycle.